Menswear Suppliers Poised For Better Growth!




Menswear segment in India is on the point of its renaissance and India has been looked upon as a hub of high quality fashion menswear. The financial liberalization of the 90s played an essential role in establishing a plethora of opportunities for the menswear suppliers and exporters helping them to increase their profits by exporting to cash rich countries like USA, UK etc..


Major Players and Popular Menswear Products

Indian Menswear market is a mix of reputed company labels and forthcoming designer wears. The major brands that are busy here would be Raymond's, Peter England, LouisPhillips, Van Heusen, Wills Lifestyle, Provogue, Turtle, Allen Solly, Sculler's, Levi's, Le Cooper, Arrow etc.. Additionally, few big names like Tata, K. Raheja Group and Future Group have jumped into the fray, further intensifying the contest with their retail chains such as Westside, Shopper's Stop and Pantaloons.

The genesis of newer manufacturers have led the merchants to stack-up the vast assortment of garments ranging from Business suits, Formal wear, Semi-formal wear, Casual wear, Trousers, Shirts, Inner wear etc..

The Growth Potential

Various reports and business analysts have predicted that with passing time, India will emerge as a significant participant in the apparel business, particularly in the menswear section. Among the chief reason for this, is a change in the attention of other industrialized countries such as Korea, Taiwan etc., on other sectors. It is also believed that the Indian Government supports the growth of the apparel export business (through friendly policies), as it is a significant earner of their foreign exchange.

Why Indian Market could likewise be a game changer?

As the economy of the nation is improving, so is the earnings of its people.A study claims that - As many as 500 million people, will start purchasing products in significant quantities for the first time in their lifetimes. The point of concern then is where and how these people today spend their disposable income, which will eventually determine that the fortunes of countless small business houses, big or small.

The Road Ahead for Menswear Suppliers

Apparel manufacturers, wholesalers and raw material suppliers (mostly small to medium sized enterprises) are the key players at the menswear industry. Even though the Major menswear providers are now equipped with high-class supply chain management coupled with technical finesse from the logistics and supply management, they still need to address a lot of concerns in order to remain competitive in the international economy.


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